GM reports 3rd consecutive profitable quarter in China

General Motors has reported a third consecutive quarter of profitability in China, signaling a sustained rebound in the world's largest auto market amid intensifying competition and a rapid transition to electric vehicles.

The automaker said on Tuesday that its operations in China delivered another profitable quarter in the second quarter this year, driven by robust growth in new energy vehicle sales and strong performance from key local models.

GM's overall vehicle sales in China hit 447,000 units, up 20 percent year-over-year — the sharpest quarterly increase in four years — while NEV deliveries grew 50 percent, led by battery electric, plug-in hybrid, and range-extended models.

The Wuling Hongguang MINI EV remained the best-selling NEV in GM's China portfolio, underscoring continued demand for affordable urban EVs.

GM's China momentum was further supported by the April launch of the Buick GL8 Lu Shang PHEV, which added a new electrified option to the automaker's high-end MPV lineup.

In Q2, Buick also introduced Electra, a premium NEV sub-brand built on the locally developed Xiao Yao architecture.

The brand's first two models — the Buick Century luxury MPV and the Electra L7 smart electric sedan — have both debuted, marking GM's deeper push into China's mainstream and premium EV segments.

The Xiao Yao platform will also support a new generation of intelligent driving solutions tailored for Chinese customers, including advanced assisted driving in urban settings.

Global Earnings Hold Steady

Globally, GM reported $47.1 billion in Q2 revenue and $1.9 billion in net income, with EBIT-adjusted profit totaling $3 billion. The company maintained its full-year financial outlook.

CEO Mary Barra said GM is navigating shifting trade and tax environments while investing in future technologies. The company is focused on strengthening our core operations and building the foundation for long-term, sustainable growth, she said.

In the United States, GM's Q2 market share is estimated at 17.4 percent, with sales growth outpacing major automakers.

The company retained its leadership in full-size SUVs and pickups — with market shares of approximately 60 percent and 40 percent, respectively — for the 51st and sixth consecutive years.

New or refreshed crossovers including the Chevrolet Trax, Buick Envista, and GMC Acadia helped fuel record sales. In terms of EVs, US deliveries more than doubled year-over-year, reaching a 16 percent market share.

Chevrolet EV sales grew 146 percent, making it the second-largest EV brand in the US, while the Equinox EV ranked third in year-to-date sales. Over 25 percent of Cadillac's Q2 sales came from EVs, positioning it as the top-selling luxury EV brand in the country.

Super Cruise-equipped vehicles surpassed 500,000 globally in Q2, more than double the figure from a year ago. Over 60 percent of users are now monthly active users, and GM expects to gradually recognize $4 billion in deferred revenue tied to software and subscription-based services including Super Cruise and OnStar.